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a front flip on his motorcycle. he wound up winning that event. >> they say one of the big stars of the games is going to be skateboarder mitchie brusco. he's doing all sorts of crazy stuff. and get this. mitchie, just 14 years old. >> i've got to wonder how his mom feels about that. >> she's got to be a little scared. >> is she watching or she's got her eyes closed. >> i don't know how those guys do it. good lucuc >> wow, very impressive. >> yes. >>> more "world news now" when we come right back. let me tell you about a very important phone call i made. when i got my medicare card, i realized i needed an aarp... medicare supplement nsurance card, too. medicare is one of the great things about turning 65, but it doesn't cover everything. in fact, it only pays up to " 80% of your part b expenses. if you're already on or eligible for medicare call now to find out how an aarp... medicare supplement insurance plan / insured by unitedhealthcare insurance company, helps cover some of .the medical expenses... / not paid by medicare part b. that can save you from p
to detroit. 94 in atlanta. 85 here in the big apple. >>> well, here's a story that we usually don't hear from the middle east. a world record, in fact. >> pretty cool story. some 13,000 children steered clear of trouble in gaza to fly their kites at the same time. it all made for a pretty colorful show in the skies. >> the previous record of more than 10,000 flying kites at once was set earlier this year in china. so good for those kids. and congratulations. >> that is a cool scene out there. a little peace and a nice little event t d aorld record. >> and a world record to go with it. >> not bad. more "world news now" coming up after the break. you go next if you had a here would hoveround power chair? the statue of liberty? the grand canyon? it's all possible ith a hoveround., tom: hi i'm tom kruse, inventor rand founder of hoveround., when we say you're free to see the world, we mean it. call today and get a free overound information kit, that includes a video and full color brochure. dennis celorie: "it's by far the best chair i've ever owned." terri: "last year, 9 out of 10 people got the
, and everything, they give big tax breaks for the oil companies. the big manufacturers. they're taking jobs away from us. and why they think it is best to do that. i need an answer to that, because i work 40 years of my life, and now i'm disabled. and now they're talking about cutting everything. i just don't think -- i've even put my life on the line for this country, vietnam. why they think it's the right thing to do. host: thanks for your call. next up, a comment from hewitt, texas. tony, a republican there. good morning. caller: good morning. how's everybody there this morning? host: it's a little hot both temperature-wise and internally i think here. caller: yeah. you know, we deal with a few facts here this morning. that cut, cap and balance that was passed did two things that everybody just is totally bent out of shape about. one of which is that it would raise the debt ceiling, and we would give that community organizer everything he wanted. it also, at the time, would say that the united states would even have a downgrade in its debt rating. and what do we do? well, you got the presiden
consumer watchdog with just one job, looking out for people, not big banks, not lenders, not investment houses, looking out for people-- . >> jon: what, wait, who? who are we looking out for before? (laughter) anyway, the dodd frank act is now one year old. and here to discuss the effect it's having in reforming a damaged financial system, we're very lucky to have with us tonight, hr 4127-- 4173. the dodd frank act, everybody. (cheers and applause) ♪ i'm alone ♪ a 2000 page long ♪ congress passed me without voicing ♪ ♪ i make sure wall street plays by the new regulation ♪ ♪ protecting your investments across the nation ♪ ♪-- . >> jon: hang on there just one second. >> what. >> jon: i'm sorry dodd frank. >> uh-huh. >> jon: what the hell happened to you? >> what dow mean? >> jon: i don't want to say it but you look like [bleep]. >> oh, easy, washington's a tough town, jon. since getting passed yeah i've taken a few shots but i'm still standing. yes, yes, yes, i'm still standing. i'm still here. (cheers and applause) >> in fact, just last week my all new consumer financi
>>> we are following three big stories this afternoon. we begin with breaking news involving the death debate. president obama just issued another stern warning as another vote is on the horizon on capitol hill. jennifer is following the latest for us from the newsroom. >> lawmakers have until next tuesday to pass a bill that would allow the u.s. to borrow more money but they still have not done it. president came out this morning and told both parties to come to a compromise or everyone will suffer, and that, he says, is inexcusable. republican house speaker john boehner's response is that the debate is still on hold. the democrat majority leader is moving forward with his measure. the president said, "we are almost out of time. the country's credit rating could be lowered which would mean higher interest rates on car loans and mortgages." he says that must be avoided, so he is again calling americans to action urging them to tell their representatives to do their job. >> all the american people -- keep it up. if you want to see a bipartisan compromise, a bill that can pass
as three doors down, they've had all kinds of platinum records and big time hits. they'll be performing live on our concert stage out on the plaza today. and of course, famous dave's cooking up barbecue all morning long so if you're in the neighborhood, stop by 48th and sixth avenue, not a free concert but free breakfast and you might meet clayton morris. >> if you're lucky. i won't make any promises. friends e-mailed me last night, three doors down, huge fans. >> that could be three drawers down baseed on that guy in the video. he was in his drawers. that's a wake-up call. that guy in his drawers as well as your headlines this morning. he didn't want to kill terrorists in afghanistan perhaps because he wanted to kill americans right here at home. awol soldier may have been inspired by al-qaida cleric copycat to the ft. hood massacre, they are checking into that following his arrest and confession that he wanted to, "get even" with the army allegedly plotting two attacks near the base. the suspected gunman in the original attack had direct contact with awlaki. yesterday, they announced
will looking very nice on 101 and 80. let's go it steve. >> some sun breaks but a lot of fog. big fog. a lot of that has moved locally. you'll stay hot but everyone else well. tropical clouds could fear up thunderstorm activity along the seer remarks so any travel plans there. 50s for many, low get commit but west, southwest. that is a turbo charged sea breeze. the higher clouds will probably depart to the east because it wouldn't be favorable for those after saturday. more off towards the east and south. cooler inland for most. 95% of the viewing area. 50, 67. 0s or low 90s. the temperature is coming down. five-day does have higher clouds but mostly sunny. temperatures will be cooling down and we'll keep it there. >>> it's a crime that the police chief is calling an outrage. police are looking for the gunman who killedded a good samaritan. >>> drivers may have already noticed new additions to the eastern span of the bay bridge. we'll tell you what's supposed to happen. >>> this morning the white house is announcing a new deal that could save you money at the pump. we'll tell you what the pr
care costs, to get less so we can give tax breaks to -- we can give tax subsidies to big oil. we will say to those families we are going to cut medicaid and what that means to seniors in nursing homes so we can give tax breaks to corporations sending jobs overseas. we are going to say to young people, you are going to pay more for your college loans so we can give tax cuts to people at the highest end. we all know that we have to participate in reducing the deficit. everybody has to ante up. why is it that the republicans insist on having the middle class pay the price so that the high end is off the hook? if we are concerned about addressing the problems of the american people, we would end this debate. this bill is going nowhere. it's a total waste of time. and every day that we spend on these wastes of time that are not going anywhere is another day we are not talking about the highest priority of the american people which is job creation, job creation, job creation. that is their priority. we have an obligation, an obligation to reduce the deficit and get on with it so we can
a bigger plan. or at least a big enough debt increase to carry the president beyond the next campaign. but the american people care about jobs, not politics. they want solutions that will restore confidence, credit and growth in the united states, and neither a default nor a two-year budget gimmick will accomplish that task. this bill will. i urge my colleagues on both sides to recognize that good politics is about doing what's right for the american people. let's take this opportunity, cut spending and put america back on a sound fiscal path to prosperity. i yield back. the speaker pro tempore: the gentleman from massachusetts. mr. mcgovern: mr. speaker, at this time i'd like to yield minutes to the distinguished gentlewoman from connecticut, ms. delauro. the speaker pro tempore: the gentleman from connecticut is recognized for two minutes. ms. delauro: mr. speaker, we are five days away from a historic, unprecedented and needless default. instead of acting responsibly and in a bipartisan way to raise the debt ceiling, the republican majority continues to hold the american economy ho
amendment? >> well, this has become a very big subject in the law professor world. the 14th amendment is one of the most familiar parts of the constitution, guarantees due process of law, equal protection of the law. but there is frankly a provision in section 4 that i have never paid any attention to before. and it goes like this. section 4 of the 14th amendment said "the validity of the public debt of the united states shall not be questioned". now, i don't know exactly what that means. i don't think anybody knows precisely what that means. but it has been suggested that under that provision, president obama could simply order that the debt be paid and that this crisis be forestalled. he has mostly reject that option, but as far as i've read their statements, they have not completely rejected that option. obama has always said, look, i think this should be dealt with by congress, not by unilaterally under the 14th amendment. but under my reading of their statements, they haven't completely ruled out in a total crisis situation invoking the section of the amendment and ordering the debt pai
or will this cause some bigger conversation? that's a big question. >> and earlier in the week, anderson, we were talking about whether the white house might possibly agree to some kind of a short-term patch of two to three days in order to get the negotiations really moving again. and i think, you know, as the clock ticks i think we have to look back to that scenario and wonder whether that's a possibility again. >> remember all that grand bargain big talk? doesn't that seem like 20 years ago? was that like two weeks ago? >> yeah. although if you talk to some democrats and jessica's been reporting that the white house is still talking about some kind of a grand bargain, right? so it seems like a long time ago. but funny how these things work, right? >> john, gloria thank you. i want to bring in two other perspectives now. on the left democratic strategyist cornell -- and former senate candidate mccain advisor and former hue let pack yard ceo, carly fiorina. carly, just in terms of the politics of, this how do you think republicans are looking at this in terms of the political who's going to get
our treasury debt to anyone who wants it. that is the big question whether they will be able to do that. we're told at this meeting they explained the mechanics what would happen in the event of a shutdown. we are also told that they have been assured that there will not be a shutdown or that bondholders will not be honored, probably news of relief to them because they would be stuck holding bad paper, bad promises and that would just be bad period. so, the other details as to what we the public will get to know might be released from the treasury department itself after the market closes, even though that is not necessarily a sure thing. but in the event of a downgrade, all bets are off there. i will leave that off the table for the time-being. let's say we don't meet this deadline, allison, then you're faced with the possibility of the government having to get by on a lot less but not anything. in other words, money is still coming in. we still have taxes taken out of our paycheck and the government will be still getting into the vicinity of 170 to $172 billion each month. unfort
a big difference to a lot of people. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: it was decision day in the house of representatives today as speaker john boehner faced a key test of his leadership, four days before the u.s. government could face default. "newshour" congressional correspondent kwame holman begins our coverage. >> reporter: house republicans pushed forward with a vote today on the speaker's plan, even as the measure faced a white house veto threat and a firm wall of opposition in the democratic- controlled senate. boehner's plan would cut the deficit by $917 billion over the next decade by capping the budgets of federal agencies. the proposal would also raise the debt ceiling by $900 billion enough to allow the government to continue
, the big difference between them... >>. >> rose: she was more hard line than he was and it'said she is even today in the councils of government. that she was more allied with bob gates than she was... >> yeah, that was the big difference during the campaign between them and that was what got oba doing soell in iowa was his rly opposition. >> rose: she supported the war even though it was just based on a speech that he'd written. so the last question is what's it going to take so that this is no longer true? >> think that it's going to be with us, charlie, for a very, very long time. and the reason i say that is that as the years go by it isn't that apresident has to think about vietnam, because vietnam has now insinuated itself int the d.n.a. of every presidt. now you think of code words. you think out having a clear exit strategy. >> rose: right. >> of giving clear instructions to the military. what are you really saying? you're really saying "i don't want another vietnam," but you don't articulate the word. you live the thought, the very essence of it. and that essence is now deeply embed
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on tropical storm don expected to be the first big storm to hit the u.s. this year. don is packing 50-mile-an-hour winds and could reach drought-stricken texas within 24 hours. kevin reece of khou is on the coast in corpus christi, texas, for us this morning. >> reporter: corpus christi bracing for tropical storm don and the first tropical storm i can remember covering most of the people are glad this storm is arriving. some precautions are taken but corpus christi hasn't had significant rain in at least four months so people aren't afraid of this tropical storm and welcoming its actively. some recautions are being taken and going through the marina making sure the boats are secure but not worried about moving any of those boats. no evacuations planned. convention and visitors bureau say no extra precautions out of the ordinary are being taken and hotels are still filling up for tourists for the weekend. locals tell me they hope the tropical storm brings what corpus christi desperately needs, 3 to 5 inches of rain. they hope don stay too long but long enough to remind everyone here what ra
. but i don't think anyone should be surprised. and they won pretty big. the question is, where l they compromise going forward. i had two republicans saying they don't want to vote for anything in the end that doesn't want to have a pass the balanced budget. to get the debt ceiling, you have to pass a balanced budget. this is too important of an issue. >> they want to vote on an amendment. and we need to have that and give them an opportunity to vote on a balanced budget amendment. and the reid cut does not -- there is more of a commitment to spending in the near term and a path way to get a retitlement with triggers to force action to get addition@savings. those are two things that have to be in there. and it's going to be fortunate get republican spoort. >> one of the political arguments and the arguments for anyone at home f you get a deal in the end there is talk that the ratings agencies will downgrade the credit rating because it's to messy. i want you to listen to the president. if you have a conservative, you don't want taxes as part of the deal. if the credit rating gets
that is in over 100% increase since 2008. this presents a big challenge and one that we have no choice but to step up to meet if we are going to avoid many of the famous geeks we saw with the vietnam generation. but it is more than just the sheer number of new veterans that will be coming home that poses a challenge. it's also the extent of the month, host visible and invisible and the resources that will take to provide our veterans with quality care. to the wonders of myerson msn, citizens would be lost in previous conflicts are coming home to leopard and fulfilling life, but they will need a lifetime of care from the va here today, we will hear from the congressional budget office, the government accountability office, the rand corporation and iraq and afghanistan veterans of america appeared in an effort to help us quantify and understand these costs and ensure we can meet future needs of our veterans and their families. and today we are so fortunate to be joined by one of those brave family members, crystal nicely, who is not only a wife, but also a caregiver to her has been, bring corporal t
here from our republican leagues, the big difference being, he doesn' want to say every five months, let's puthe country into economic crisis and all the uncertainty between now and five months from now that that will create. with that, i yield one minute to mr. ryan a terrific member of the budget committee from ohio. mr. ryan: i thank the gentleman. one of the issues we want on the table here is revenue. the top 400 wealthiest people in the united states of america pay 17% tax rate. my constituents in youngstown and akron, ohio, pay a heck of a lot more than 17%. we hear our friends on the other side of the aisle, how all these changes need to occur, how all these problems need to be solved, but heaven forbid, mr. speaker, we ask the 400 wealthiest families in the united states of america to maybe be a little bit patriotic and help us ou and you'll say, well these are the job creators. these taxes won't go into place for another year or two. we've got to get through this downturn. but we need to send a message to the bond market that we are serious. and for us to be this irrespons
karzai government. how about ending wasteful subsidies to big agriculture companies? how about asking billionaire hedge fund managers to pay the same tax rates as their secretaries? the truth is that the best way to deal with our long-term fiscal situation is to grow our economy. that means creating jobs and putting people back to work. the last election i thought was about jobs. we haven't talked about jobs at all since the new republican majority became -- came to power. that means investing in things like education and infrastructure and green technology and medical research. that's the kind of economic future the american people deserve. the boehner default plan would take us exactly in the wrong direction and urge my colleagues on both sides of the aisle to reject it. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from california has 5 1/2 minutes remaining. the gentleman is recognized. mr. dreier: mr. speaker, as i listen to my friend from the other side of the aisle, mr. mcgovern, talk about what ha
billion a year funding bill for the f.a.a. the old one expired friday. that hits every big weak spot in the economy: jobs. 70,000 construction workers and 4,000 f.a.a. employees furloughed. stimulus: 150 airport construction projects stalled. the deficit: $200 million a week in ticket taxes lost because the f.a.a. has no authority to collect them. there are two main staking points. democrats want to make it easier for airline and railroad workers to unionize, republicans don't. and republicans want cuts in so-called essential air servic services. essential air service pays $163 million tax dollars for airlines to fly on little-used routes that might otherwise shut down. in a cbs news investigation, we took one government subsidized flight from washington to virginia's shenandoah valley. we found just four passengers on board and the plane went on to west virginia empty. today transportation secretary ray lahood urged congress to solve their disputes. >> and for all of my friends on capitol hill who give speeches everyday about jobs, the importance of jobs, putting people to work, thi
friday, everybody, i'm contessa brewer. the big story we're watching right now, fast moving developments in the showdown other the debt. there are now just four days until the nation goes to the august 2nd debt deadline. this morning president obama pushed congress to find some sort of compromise. >> what's clear now is that any solution to avoid default must be bipartisan. it must have the support of both parties that were sent here to represent the american people. >> right now house speaker john boehner's frantically trying to tweet his stalled bill to get support from conservatives to get it through the house. >> time is presently short and that is an understatement. >> senator majority leader harry reid's tired of waiting. >> i would ask my friends, my republican friends break away from this thing going on in the house of representatives. >> so today reid's going it alone moving forward with his debt plan. it cuts more than $2 trillion in federal spending and extends the debt limit until march of 2013.
we have to learn the harsh lesson that when we are in an economic free fall, the only entity big enough to pull us out is the collective organization of our government? that is the only place that has the muscle to prevent a recession from turning into a depression, and the balanced budget amendment our colleagues cept us before would absolutely lock down the federal government's ability to respond. that would be a profound mistake, and contradict all we have learned in economics since the great depression. this is what norm ann ornstein at the american enterprise institute said about this constitutional amendment. he called it 5, quote, "really dumb idea." this is what he said. "few ideas are more seductive on the surface and more destructive in reality than a balanced budget amendment. here's why -- nearly all of our states have balanced budget requirements. that means when the economy slows, states are forced to raise taxes or slash spending at just the wrong time, providing a fiscal drag when what is needed is countercyclical policy to stimulate the economy. in fact, the fisc
Search Results 0 to 43 of about 44 (some duplicates have been removed)